Our client sought to acquire Barnston Farm, a disused former farmstead located within a designated conservation area. Their long-term objective was to secure planning permission and redevelop the site into ten high-end residential homes, preserving the character of the original buildings while delivering modern, luxury living.
Phoenix Money supported the acquisition by providing a bespoke purchase bridging loan, enabling the client to complete quickly and secure the property ahead of a competing buyer. The speed and flexibility of the facility ensured the opportunity was not lost due to traditional funding timelines.
Following completion, the bridging loan also provided the client with sufficient time to progress the planning application and explore longer-term development finance options, without pressure from immediate refinancing.
This project demonstrates how a well-structured purchase bridging solution can support rapid property acquisition, facilitate planning progression, and strengthen overall financial outcomes.
Key Takeaways
- Bespoke purchase bridging finance enabled rapid acquisition of the site
- Flexible short-term funding allowed time to progress planning and assess development funding options
